Stabilis Solutions Receives DOE Approval to Export LNG

ACCESSWIRE
21 Sep 2022, 21:56 GMT+10

HOUSTON, TX / ACCESSWIRE / September 21, 2022 / Stabilis Solutions, Inc., ('Stabilis') (NASDAQ:SLNG), today announced that it has received authorization from the U.S. Department of Energy ('DOE') to export domestically produced liquefied natural gas ('LNG') to all free trade and non-free trade countries, including Asian, European, and Latin American importing nations. Under the DOE's order, Stabilis received authority to export on its own behalf, or as agent for others, up to the equivalent of 51.75 billion cubic feet per year of domestically produced LNG. The authorization is for a term of 28 years.

'The DOE's approval provides us with the ability to assist in the world's current energy crisis as well as longer term capabilities to facilitate the world's transition to cleaner energy sources,' said Westy Ballard, President & Chief Executive Officer of Stabilis, 'and we look forward to working with our customers to commercialize these exciting export opportunities.'

About Stabilis
Stabilis Solutions, Inc. is a leading provider of clean energy production, storage, and delivery solutions to multiple end markets across North America. To learn more, visit www.stabilis-solutions.com.

# # # # #

Investor Contact:
Andrew Puhala
Chief Financial Officer
832-456-6502
ir@stabilis-solutions.com

SOURCE: Stabilis Energy

View source version on accesswire.com:
https://www.accesswire.com/716767/Stabilis-Solutions-Receives-DOE-Approval-to-Export-LNG

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.

More Information

61 ℉

Mostly Cloudy in Chicago/Midway

International

Section

Cyclone roars through Canada with 80 mph winds, damage called heavy

HALIFAX, Canada: Cyclone Fiona struck northeast Canada this weekend, with reports of houses being washed into the ocean, roofs torn ...

Royals reveal details of Queen Elizabeth II's final resting place

LONDON (CNN), 24 September 2022 - Buckingham Palace has released a photograph of Queen Elizabeth II's final resting place within ...

EU considers new sanctions against Russia, including cap on gas prices

BRUSSELS, Belgium: In response to a new escalation in Russia's war against Ukraine, the European Union is considering an oil ...

Invincible Defense Technology to put warring parties on path to peace

Longstanding divisive issues between Azerbaijan and Armenia resulting from or related to the Nagorno-Karabakh conflict remain unresolved, despite continuing efforts ...

US to seek death penalty against alleged New York bike path killer

WASHINGTON D.C.: The U.S. government said it will seek the death penalty for Sayfullo Saipov, the man charged with running ...

Hong Kong expected to reduce strict COVID-19 quarantine policy

HONG KONG: To keep the city connected with the rest of the world, while ensuring an "orderly opening-up," Hong Kong ...

Illinois

Section